Definition of price war
: commercial competition characterized by the repeated cutting of prices below those of competitors
Examples of price war in a Sentence
The airlines are engaged in another price war.
First Known Use of price war
PRICE WAR Defined for English Language Learners
Definition of price war for English Language Learners
: a situation in which companies or stores compete with each other by lowering their prices on goods or services in order to attract more customers
Seen and Heard
What made you want to look up price war? Please tell us where you read or heard it (including the quote, if possible).